tds on salary
This query is : Resolved
10 August 2010
tds deducted on salary is on payable basis or paid basis.
entry in tally:
basic dr. 100
To tds cr. 10
OR
Basic dr. 100
to tds cr. 10
to bank cr. 90
Can i make provision for tds payament in case of salary or it is deducted when i paid salary.
pls. clarify
entry in tally:
basic dr. 100
To tds cr. 10
OR
Basic dr. 100
to tds cr. 10
to bank cr. 90
Can i make provision for tds payament in case of salary or it is deducted when i paid salary.
pls. clarify
10 August 2010
TDS on salary we can take provision
Dr:Basic
Cr: TDS
Cr: Salary payable
Dr:Basic
Cr: TDS
Cr: Salary payable
10 August 2010
TDS u/s 192 is deductible at the time of payment.
However provision for TDS could be made also.
However provision for TDS could be made also.
10 August 2010
if we make provision for tds on salary on 30th 0e 31st of every month and paid in next month on 2nd of avery month then it will be deposited for that month on which we make provision or in the month of payement is made.
10 August 2010
It will be deposited for the month of provision.
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